Urgent.ly’s (ULY) “Buy” Rating Reaffirmed at Chardan Capital

Chardan Capital reissued their buy rating on shares of Urgent.ly (NASDAQ:ULY) in a report released on Monday,Benzinga reports. The brokerage currently has a $15.00 price target on the stock.

Separately, Wall Street Zen downgraded shares of Urgent.ly from a “hold” rating to a “sell” rating in a research report on Saturday, July 5th.

Urgent.ly Price Performance

Urgent.ly stock opened at $7.45 on Monday. The business has a 50 day moving average of $6.66 and a 200-day moving average of $6.12. Urgent.ly has a 1 year low of $2.99 and a 1 year high of $21.24. The company has a market capitalization of $10.43 million, a P/E ratio of -0.23 and a beta of -1.41.

Urgent.ly (NASDAQ:ULY) last released its earnings results on Tuesday, May 13th. The company reported ($4.69) earnings per share for the quarter. The business had revenue of $31.27 million for the quarter.

Hedge Funds Weigh In On Urgent.ly

A hedge fund recently bought a new stake in Urgent.ly stock. Toronto Dominion Bank purchased a new position in shares of Urgent.ly Inc. (NASDAQ:ULY) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 165,750 shares of the company’s stock, valued at approximately $85,000. Toronto Dominion Bank owned approximately 1.23% of Urgent.ly as of its most recent filing with the SEC. 28.30% of the stock is currently owned by institutional investors and hedge funds.

About Urgent.ly

Urgent.ly Inc offers mobility assistance software platform for roadside assistance in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its services include car lockout, tire changes, towing, stuck in ditch and winch services, motorcycle towing, electric vehicle towing, jump start, and gas delivery.